LegalZoom falls on full-year revenue forecast cut, new CEO appointed

LegalZoom.com

09/07/2024 22:08

** Shares of online legal services company LegalZoom.com
 LZ.O  fall 7.6% to $7.25 in after-hours trading
    ** Company is reducing its revenue expectation for the full
year to a range of $675 mln to $685 mln, compared with previous
forecast of $700 mln to $720 mln  
    ** LZ appointed current board chairman Jeffrey Stibel as
CEO, effective immediately 
    ** Stibel is replacing Dan Wernikoff who will depart and
resign from the board
    ** Up to last close, stock down 30.5% YTD

 (Reporting by Harshita Mary Varghese in Bengaluru)
 ((HarshitaMary.Varghese@thomsonreuters.com))